Bitcoin to $50,000 Says Arthur Hayes, But as Long as it Stays Volatile

Arthur Hayes, the CEO of BitMEX, a Bitcoin mercantile trading platform, had predicted Bitcoin price to reach $50,000 by the end of the year. However, he isn’t too fazed if it hits that or not, rather showing his interest in the volatility that Bitcoin brings to the trading markets.

For Hayes, his prediction is $50,000, but he told CNBC’s Melissa Lee that he does not care if it reaches that or not, he just wants the volatile rollercoaster to continue.

**“I am a volatility trader at the end of the day,” Hayes said. “We make our money if it is volatile. If it goes up or it goes down, if you have Bill Gates calling it a fraud, then short it- I don’t care. Or, if you think it is going to be one mln dollars in a few months, great! Buy it, still don’t care, we just match trades.”**


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